. well, this is an appropriate day, talk about regulating the disaster because last night president obama promised once more to develop the entity sources of the future. now, when any administration, republican or democrat, decides to develop energy projects, taxpayers had better watch out. governments get in the business of picking winners and losers which leads to cronyism and wasted taxpayer dollars. this is a question of industrial policy. whether the government should support business in new technologies that are unable to secure private funding. government appears to be worse at this and private, from the records we have over the past five years. in contrast, industries in california in may, mitt romney said, quote, the president doesn't understand when you invest like that in one solar energy company, it makes it harder for solar technology generally, because the scores of other entrepreneurs in the solar field suddenly lost the opportunity to get capital. who wants to put money into a solar company when the government puts half-billion into one of its choice? excellent question. a
